Haydale Graphene Correlations

HDGHF Stock

USD 0 0.0002 11.11%

The correlation of Haydale Graphene is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Haydale Graphene Correlation With Market

Average diversification

The correlation between Haydale Graphene Industries and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Haydale Graphene Industries and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Haydale Graphene could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Haydale Graphene when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Haydale Graphene - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Haydale Graphene Industries to buy it.

Moving against Haydale Pink Sheet

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0.32	SHW	Sherwin Williams	Pair Corr
0.51	WM	Waste Management	Pair Corr
0.46	MMM	3M Company	Pair Corr
0.46	JNJ	Johnson Johnson	Pair Corr
0.44	KO	Coca Cola Aggressive Push	Pair Corr
0.44	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.43	GE	GE Aerospace	Pair Corr
0.39	IBM	International Business	Pair Corr
0.36	CVX	Chevron Corp	Pair Corr
0.32	MCD	McDonalds	Pair Corr
0.31	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	APGMF	VRSRF	GMGMF	OLN	GPHBF	FF	HGCPF	NNOMF	FUL
APGMF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	APGMF
VRSRF	0.0		-0.29	0.59	0.08	0.67	0.0	0.56	0.5	VRSRF
GMGMF	0.0	-0.29		-0.63	0.39	-0.4	0.0	-0.46	-0.43	GMGMF
OLN	0.0	0.59	-0.63		-0.2	0.88	0.0	0.83	0.88	OLN
GPHBF	0.0	0.08	0.39	-0.2		0.08	0.0	-0.34	-0.19	GPHBF
FF	0.0	0.67	-0.4	0.88	0.08		0.0	0.75	0.82	FF
HGCPF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	HGCPF
NNOMF	0.0	0.56	-0.46	0.83	-0.34	0.75	0.0		0.73	NNOMF
FUL	0.0	0.5	-0.43	0.88	-0.19	0.82	0.0	0.73		FUL
	APGMF	VRSRF	GMGMF	OLN	GPHBF	FF	HGCPF	NNOMF	FUL

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FF	+ 0.88	OLN
FUL	+ 0.88	OLN
NNOMF	+ 0.83	OLN
FUL	+ 0.82	FF
NNOMF	+ 0.75	FF
FUL	+ 0.73	NNOMF

High negative correlations

OLN	- 0.63	GMGMF
NNOMF	- 0.46	GMGMF
FUL	- 0.43	GMGMF
FF	- 0.4	GMGMF
NNOMF	- 0.34	GPHBF
GMGMF	- 0.29	VRSRF

Risk-Adjusted Indicators

There is a big difference between Haydale Pink Sheet performing well and Haydale Graphene Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Haydale Graphene's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
APGMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VRSRF	6.15	0.88	0.00	(0.43)	0.00	0.00	14.29	(20.00)	150.00
GMGMF	4.90	0.29	0.05	0.22	4.89	(6.80)	13.43	(7.25)	37.36
OLN	1.88	(0.45)	0.00	(0.41)	0.00	0.00	3.18	(5.23)	12.52
GPHBF	14.30	3.93	0.22	1.02	13.58	(20.05)	48.84	(25.81)	105.85
FF	1.49	(0.29)	0.00	1.37	0.00	0.00	2.46	(3.28)	12.49
HGCPF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NNOMF	3.05	(0.31)	0.00	(0.30)	0.00	0.00	7.41	(6.45)	21.52
FUL	1.29	(0.43)	0.00	1.34	0.00	0.00	1.85	(3.00)	8.25

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Our tools can tell you how much better you can do entering a position in Haydale Graphene without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Haydale Graphene Corporate Management

Trevor Phillips	Head Communications	Profile
Gemma Smith	Global Marketing	Profile
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